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Reading 01867
15 Governors Drive
$413,000
● House - Off Market

15 Governors Drive

Reading, MA 01867
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$721,685
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Top location! SO much potential offered with this open concept ranch, convenient access to highway on a desired, dead end, cul-de-sac area.  With little effort, this home could be your diamond in the rough featuring, skylights, replacement windows, central air, 1 car garage, TWO fireplaces, one up and one down, 2+ full bathrooms, dated, but very clean.  The main level has 3 bedrooms with hardwood floors and 1st floor laundry with additional family room overlooking a level, fenced in back yard.  Unfinished basement was previously used as a 'half' in-law space with so many uses with a spacious cedar closet and it's own separate entrance.  This home is sold 'as is', and is much larger than it appears.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$244
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71892145)

Price History

Date / Event Date Event Price
Oct 1, 2015 Sold
Premium
Sold
Aug 19, 2015 Listed by ERA Key Realty Services $415,000
Listed by ERA Key Realty Services

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,426
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,962
  • Total Building Area: 1,720
  • Gross Building Area: 3,286
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 930000000
  • Parcel: READ M:023.0-0000-0135.0
  • Municipality: READING
  • Latitude: 42.5268
  • Longitude: -71.0861

    Address

  • Full Address: 15 Governors Dr
  • Address - House Number: 15
  • Address - Street Name: Governors
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Reading
  • Carrier Code: C024
  • 4-Digit Zip Code: 1929
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $736,700

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 744,810
  • High Value: 879,111
  • Low Value: 610,508

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $628,600
  • Assessed Land Value: $364,100
  • Assessed Improvements Value: $264,500

    Sales

  • Current Sale Recording Date: Oct 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1711914
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reading

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2173 ft²

Average Home Age

54 years

Currently For Sale

35 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,115 /mo

  • 1 Bed
  • 1 Bath
  • 893 ft²
200 Quannapowitt Parkway #A6, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71892145

Frequently Asked Questions

When was property at 15 Governors Drive built and last sold?
The property at 15 Governors Drive was built in 1964 and last sold on Jan 1, 1970 for $413,000.
How much is this home worth?
The estimated value of the home located at 15 Governors Drive is $440,576.
What are some comparable homes to 15 Governors Drive?
There are currently no comparable homes to 15 Governors Drive.
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